Monday, October 10, 2011

Long term view of Nifty

Nifty is trading in a large trading range from 4720 to 5170. This is a large 450 point range which has been established over a period of 2 months. A breakout at any level of this trading range will give us a long term opportunity for buying or selling. Nifty touched twice its support and resistance inside this trading range.

1 comment:

Gulshan said...

silver is also consolidating forming a triangle, what are your views, up or down, and how do you arrive at decision (I understand we are not supposed to guess directions).

Thanks

Gulshan